Northwest Pipe (NWPX) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Shares of Northwest Pipe (NASDAQ:NWPX) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a 12-month consensus target price of $30.00 for the company and are forecasting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given Northwest Pipe an industry rank of 82 out of 255 based on the ratings given to related companies.

Several research analysts have issued reports on the company. ValuEngine lowered Northwest Pipe from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Zacks Investment Research upgraded Northwest Pipe from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Tuesday, March 19th.

Shares of Northwest Pipe stock opened at $25.63 on Thursday. The stock has a market cap of $247.08 million, a P/E ratio of -142.39, a price-to-earnings-growth ratio of 1.63 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.81 and a current ratio of 5.07. Northwest Pipe has a one year low of $16.52 and a one year high of $26.32.

Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings results on Wednesday, March 13th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $57.54 million for the quarter, compared to analyst estimates of $60.00 million. Northwest Pipe had a negative return on equity of 1.04% and a net margin of 11.80%. Equities research analysts expect that Northwest Pipe will post 1.56 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Walthausen & Co. LLC bought a new position in Northwest Pipe in the fourth quarter worth approximately $1,626,000. Hodges Capital Management Inc. boosted its holdings in Northwest Pipe by 27.9% in the first quarter. Hodges Capital Management Inc. now owns 17,000 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 3,712 shares in the last quarter. Crown Advisors Management Inc. bought a new position in Northwest Pipe in the fourth quarter worth approximately $1,758,000. Quantum Capital Management raised its stake in shares of Northwest Pipe by 9.0% in the fourth quarter. Quantum Capital Management now owns 151,604 shares of the industrial products company’s stock worth $3,531,000 after purchasing an additional 12,470 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Northwest Pipe by 4.0% in the third quarter. Vanguard Group Inc. now owns 453,863 shares of the industrial products company’s stock worth $8,964,000 after purchasing an additional 17,362 shares during the last quarter. Institutional investors and hedge funds own 81.63% of the company’s stock.

About Northwest Pipe

Northwest Pipe Company manufactures engineered welded steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, water and wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.

Featured Article: How analysts view the yield curve

Get a free copy of the Zacks research report on Northwest Pipe (NWPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Northwest Pipe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Pipe and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit